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- John offered to buy James’s Apple Ipad and gave James two weeks for an answer. A few days after, Jill offered to sell her Apple Ipad to John, which he was very excited to purchase because it was the latest version, with all the new software applications. John called James and told him personally that he is no longer interested in purchasing his device. James is very disturbed because he saw that a new version of his IPad was being launched and he was looking forward to purchase it. James is of the view that John cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James. Will your answer be the same if John failed to communicate to James within the two week period, that he was no longer interested in James’s Ipad and James accepted his offer on the last day of the two week period?Michael built a calculator (which graphs) using plans Michael found posted on the internet, but he unreasonably didn’t follow the plans when he constructed the calculator. Michael then sold the calculator to Jack who was injured when the calculator exploded because it hadn’t been built according to the plans. After the explosion Jack was taken to the Hospital emergency room (“ER”) where he signed a consent form authorizing Dr. Joe, the ER doctor, to perform a surgical procedure called Surgery X. But, instead Dr. Joe performed Surgery Y, a different procedure than Surgery X. A. What cause(s) of action should Jack use if he sues Michael for Jack’s injuries. Discuss. B. Has Joe, the ER doctor, committed any intentional torts? If so, discuss.Carol offers to sell her personal computer to Bob for $200. Bob says that he will buy the computer for $200 if Carol will include the monitor and keyboard. Is this valid acceptance? Please explain in detail.
- Salma is into catering business and cooks food for small parties. Hina ordered her to cook food for 50 guest for her party on 5th of May 2021 at the lunch time around 2:30 pm. Hina called Salma to cancel the order on 3rd May 2021 at 1:00 pm as the party is cancelled due to some of her personal reason. Can Salma claim Hina for the cost of the raw material that is used in preparations. Answer as YES or NO. Also choose the correct reason.Kelly Clarkson moved from unincorporated Nashville which is in Davidson County to Atlanta without selling her house. Blake found out she moved and asked if he could purchase the property if the City decides to incorporate the house into the City of Nashville. Kelly agreed and the contract stated that if the City of Nashville incorporates the house into the City then Kelly would sell the house to Blake. This is an example of _________. Question options: An options contract A dumb move A condition subsequent A condition precedentLetty is 17 years old. She just got her driver's license and is excited to buy her first car. She sees an ad on Craig's List for a 2010 Shelby GT500 for sale that peeks her interest. It is her favorite color, pink, in excellent condition with only 5,000 miles, and a convertible just like she wants. She calls the seller, Dominic, and tells him she wants to buy it. Dominic tells Letty the car is $30,000 and gives her his address so she can pick up the car and bring him the money. The next day Letty brings Dominic a check and drives the car home. Dominic was so excited about selling the car that before Letty arrived he decided to celebrate and drank 6 tequila shots and 3 beers. Dominic is quite a character, he loves to party and drinks almost every day. He's also somewhat of a daredevil and many of his friends describe him as fun but a little crazy. On his Facebook page he brags about how crazy he is. Three months later, Letty turns 18. She and her friends celebrate her birthday by going…
- The opportunity for either party to fix a problem before a contract is cancelled for cause is known as a ___________?Which of the following is not a true statement: A. In a risked based agreement, the provider shares a portion of the risk for medical cost B. In a non-risked based agreement, provider shares no risk for medical cost C. In a capitated arrangement, all of the risk is on the health plan D. In a value based payment arrangement, the payment is impacted by both cost and qualitySometimes an issur with a property is discovered during the pre-closing stage. Buyers may be willing to accept deficiencies if they an compensate through a price reduction. Which of the following is correct regarding adjusting a purchase price to offset a deflciency.Select one: O. The value of the price adjustment may become a matter of negotiations between the parties. O. A new agreement of purchase and sale must be drafted and signed to finalize the price adjustment. O. A formal appraisal is always required to determine the adjusted purchase price. O. Buyers are contractually obligated to negotiate an adjusted purchase price.
- If a sale staff is found not verbally disclosed specific features and materials risks of a high yield bond, which of the following is the most suitable follow-up action in Hong Kong? A. the sale staff should provide the key risk factor disclosure to the customer once again B. the sale staff should send an e-mail to the customer by highlighting the specific features and materials risks of the high yield bond. C. the sale staff should make a supplementary call to the affected customer and adio-record the disclosure in due course. and acknowledgement from the customer is obtained to confirm his/her/their understanding or the disclosure. D. if the transcation is completed, no further action is required.Amy is caring for her aging mother, Milly. Milly has a number of health issues. She has given Amy a power of attorney so that Amy can help pay her bills and handle her business affairs. Amy is concerned that Milly will eventually use up all her assets, including losing her house, to provide for her health care needs. To protect against that eventuality, Amy intends to use her power of attorney to put Milly’s house into Amy’s name. True or False: Amy’s transfer of the house is a breach of her fiduciary duty as Milly’s agent.What is a no-damage-for delay clause, what type of clause is this, and what is its purpose?